52 Pleasant Dr, Ormond Beach, FL 32176
3 beds · 2 baths · 1,832 sqft
Wow! Over a quarter of an acre BEACH-SIDE! Live that Beach dream in the heart of Ormond Beach. This beach beauty is cradled between the Halifax River and the Atlantic Ocean. The backyard is fenced and private with restricted land behind so there are no rear neighbors! This low-interest loan is assumable for Veterans (only Veterans and buyer will need cash to make up the difference!) FYI, This is just a gorgeous neighborhood! Amazing home just blocks to gorgeous Ormond Beach. Close proximity to wonderful restaurants, curiosity shops, grocers, and more in an area of well-groomed properties a half block to the Halifax River. This unique home has 3 bedrooms, 2 full baths, an office/work room, 2 different oversized living areas, a spacious dining room, and a modern kitchen with a large pantry, soft-close drawers, a lazy Susan cabinet, an appliance lift, and a reverse-osmosis water filtration system. The house has a flexible floor plan where the side portion of the home with 2 rooms, a bathroom, a private front entrance, and a “secret” wall-door that separates it from the main living areas can be a perfect setup for roommates, an in-law suite, or guests. The property has a nice screen room and a deck off the rear of the home. All of this with NEW kitchen appliances, NEW Range Hood,NEW Hot water heater, NEW light fixtures, a whole-house water filtration system, a whole-house surge protector, a new HVAC system in 2022, a roof 9 years new, an irrigation system, and hurricane impact windows and shutters for the front windows. Nothing that needs to be done, so bring your beach chair.This is a fabulous home in a great area.
Source: STELLAR #v4934103
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #v4934103
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #v4934103
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.